The Greek government has sold its 33 per cent stake in betting monopoly OPAP to investment fund Emma Delta in a deal worth €652m.
The Hellenic Republic Asset Development Fund, which has been charged with the task of raising capital through the sale of government assets, confirmed that Emma Delta would pay €622m in cash and a further €30m payable in 10 annual installments.
Once the deal has been approved by the relevant competition authorities, payment and the transfer of the shares to the new owner will take place.
OPAP is one of the world’s largest gambling companies, with annual turnover of around €4bn.
